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ICPUSD

ICP Short Success + New AnalysisSo far ICP after its 96% free fall began trading in a downward channel, which its respected the upside (tested twice on dead cat bounces by scalpers) and went directly to the bottom of the channel (56% loss). The buyers are not strong support as they’re buying to scalp due to the asset falling 96%, and aren’t long term holders. The last time the upper boundary was tested, it was immediately slammed to the bottom of the channel (50+ % loss). The short I recommended taking at $52, I would take profit at $25. I do believe Bitcoin will retest $40,000 and go into a renewed bull rally, as it’s way oversold, but I do not see a sustained ICP rally, nor it moving above $60. If not already in a short, I would wait for the Bitcoin daily close, and if ICP is up more than 10%, open a short position and take profit at $25. More exchanges are supporting shorting ICP, I currently use FTX perpetual, but I believe Huobi also have opened the ability to short ICP if you already have an account there.
COINBASE:ICPUSDShort
by Mattysalads
2
internet ComputerBig Project here : What is the Internet Computer (ICP)? The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. To make it simple this project is a Decentralised concurent of Microsoft Azure and Google Cloud but in decentralised Version. Market cap is 6.5 Billions so it's already a big project, can buy it on Binance or Coinbase. This coin dropped a lot as it seems early investors took some profits. ---------------------------------------------------- Trading Parts : ---------------------------------------------------- Buy Zone 52$ ish ( a bit ) ( wait for break EMA50) Rebuy Zone 27$ ( Full Buy ) TP1 : 79.5$ TP2 : 129.5$ TP3 : 198$ ---------------------------------------------------- Happy Tr4Ding !
Long
by thecryer
16
ICP 6h Got a bottom and growth to $130 or down again by $10?Although The Internet Computer was founded in 2016, life was started in late 2020 with the launch of the alpha mainnet. On May 10, 2021, a global decentralized Internet computer with open source was launched. Each ICP service token holder can control the global Internet computer. This coincidence of news and action helped the price of ICPUSDT soar to $600, but since then the price has been falling non-stop for 1.5 months. And yesterday, on June 27, huge volumes appeared on the chart, which can theoretically be regarded as a signal that the bottom has been groped. If this is the case, then buyers should not be allowed the ICPUSD price to drop below $30-34 in the coming days. Confirmation of the strength of buyers can provoke further growth in the price of ICPUSDT to the zone of $110-130 A price decrease below $28-30 may provoke a continued fall in the value of the ICP token in search of a bottom, and the next level for a rebound may be $10-11 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
37
The bottom for ICP-USD?Could this strange confluence of trend lines finally be the bottom for ICP? I felt that surely my trend line drawn from the low of the coinbase opening range on May 10th would be the end - my last possible level of resistance drawn, yet it's teetering on the bring of failure at this point as well, with a double bottom on the hourly. Despite its' obvious sympathy for Bitcoins' whims, I keep watching and waiting for a sign that we've reached the bottom for a curl up of ICP. I think there is wide range upside to be had here. While the concept and "fundamentals" for ICP seems to be light on concrete physical actions, and heavy on lofty aspirations, it does seem to be a solid enough foundation for some level of consumer buy-in. I personally believe that it has potential for a good trade and wonder when this endless march downwards will end. I would appreciate any insight from those more qualified than me. Perhaps we must just wait until the Head & Shoulders on the daily for BTC is over... see that idea here: Thanks in advance.
COINBASE:ICPUSDLong
by FishMunga